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Betty has just retired. She plans to use her life savings of$Ato buy an annuity. She has narrowed her choices to the following threebanks: BankA:j12
Betty has just retired. She plans to use her life savings of$Ato buy an annuity. She has narrowed her choices to the following threebanks:
BankA:j12 = x%, with monthly payments of RA for 20years, first payment due in one month
BankB:j12 = x%, with monthly payments of RB for 18years, first payment due in one month
BankC:j12 = x%, with monthly payments of RC for 20years, first payment due today
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